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Re: 1manband post# 47531

Tuesday, 01/30/2024 12:11:18 PM

Tuesday, January 30, 2024 12:11:18 PM

Post# of 47600
Par value of the stock is $0.005. If the company sells stock for that price or above, it is "fully paid and non-assessable." Sold for less than that, the purchaser could be assessed the difference between the actual purchase price and the par value. Moreover, that assessment could occur at any time in the future, even if the stock changed hands, no matter what price was paid on subsequent sales. For that reason, market makers and stock exchanges wouldn't touch the stock.

Look up "par value", 1manband. You might learn something.

Dino